Pascale's Wager

Everyone makes choices based on assessments of risk and reward. I accept that every choice I make is essentially a gamble with my life. How do we learn to make good decisions?

Monday, March 24, 2008

More Discipline

graph
Or maybe just obsessiveness, you be the judge.

My original deposit of $50 on Pokerstars is now over $200. Fifty of that is cleared bonus, so on my own efforts I have so far tripled my money. My current ROI, taking into account rake, is about 15%. It's taken me about 700 games to accomplish this, as it's been done almost entirely at $1+.20 10 person sit'n'goes.

I have battled through to this level despite 40- or 50-game downswings that made me want to scream with frustration. I have the resisted the temptation to take a stab at higher stakes in hopes of building my bankroll more quickly. I am now 4-tabling so as to keep myself from getting overly cranky over any one particular bad beat or loss.

My current goal is to get to $250 playing in these $1 games. At that point, I will move up in stakes to the $5 tables. Fifty buy-ins should be enough to make that reasonable, assuming (which I do), that I ought to be able to beat those games at about the same rate as the cheaper ones.

[No phone call. Agggh.]

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2 Comments:

Blogger Dale said...

and what is 4-tabling?

and can you call him?

(I thought Carmen's advice was quite to the point :->)

12:24 AM  
Blogger Pascale Soleil said...

4-tabling means playing four tables (games) at the same time.

So I sign up for and play four 9-person sit and goes simultaneously.

At low stakes, it's nowhere near as hard as it sounds. You just play ABC poker and let other people make mistakes.

3:12 AM  

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